Bankruptcy Court To Sell Off "Infowars" Assets

 

The hateful, right-wing conspiracy mongering media outlet "Infowars" will be sold off to help satisfy a $1.5 billion settlement for repeatedly scurrilous lies about the massacre at Sandy Hook Elementary School in 2012. CNN has the details:

"Conspiracy theorist Alex Jones’ Infowars media empire will be shut down and sold off, a bankruptcy court-appointed trustee said in an emergency court filing Sunday, signaling the end of the notorious far-right outlet that Jones has used to spread dangerous misinformation and lies.

Earlier this month, a bankruptcy judge ruled that Jones’ personal assets would be liquidated to help pay off the nearly $1.5 billion he owes the families of victims of the Sandy Hook massacre. But at that time, the judge ruled Jones’ media company Free Speech Systems, the parent of Infowars, would not be liquidated partly because the process would be costly and lengthy.

The dismissal of the bankruptcy case against the outlet meant that the families were free to go after Jones’ assets, including Infowars, in state court. Since Jones is the owner of Free Speech Systems, a court appointed trustee was put in charge of the company.

The trustee wrote on Sunday that since being appointed, he 'began planning to wind-up (Free Speech Systems’) operations and liquidate its inventory.'” (our emphasis)

The Sandy Hook parents can never be compensated enough for the pain caused by Alex Jones' vile lies that the massacre was staged by "actors." 

(photo: Jones blubbers on air. Screenshot)

 

Hate-Filled Alex Jones To Liquidate Assets

Far-right conspiracy monger and "Info Wars" hate spewer Alex Jones has agreed to sell of his assets to satisfy part of the $1.5 billion in a settlement to the families of the Sandy Hook massacre. It's expected that the asset sale will fall far short of the money owed. From Reuters:

"Jones, who filed for U.S. bankruptcy protection 17 months ago, has given up trying to reach a bankruptcy deal that would reduce the $1.5 billion that he owes to the relatives of 20 students and six staff members killed in the mass shooting at Sandy Hook Elementary School in Newtown, Connecticut.

Instead, Jones decided this week to proceed with a court-supervised liquidation of his assets.

Chris Mattei, an attorney for the Sandy Hook families, said on Friday that Jones' pivot to a Chapter 7 liquidation was a moment of 'meaningful accountability' for his repeated lies, pushing the broadcaster to the 'brink of justice.'

'Alex Jones has hurt so many people,' Mattei said. 'The Connecticut families have fought for years to hold him responsible no matter the cost and at great personal peril.'" (our emphasis)

Jones promulgated a vile and despicable conspiracy theory that the massacre was a "false flag" by gun control advocates and was performed by "child actors." 

Once the sale is complete, Jones is still liable to pay the full judgement:

"While the liquidation will yield only a fraction of the money he owes the families, they objected to his proposal because it would have kept him in control of both InfoWars and his wealth for many years, while also capping the total amount that he would pay toward the defamation claims.

The court-supervised liquidation will allow the families to benefit from immediate asset sales, while keeping their claim on Jones' assets alive in the event he accrues wealth in the future." (our emphasis)

We would caution against those taking Jones at his word. He's proven to be a slippery and dishonest p.o.s., so close monitoring is essential. 

(photo: screen shot of Jones bawling when talking about the forced sale;  cry more!)